According to the 2012 General Social Survey, conducted by NORC at the University of Chicago, just 33% described themselves as very happy and only 27% said they were satisfied with their financial situation.
Interestingly, 47% described their lives as routine or dull. Asked about their work, 37% said they were only moderately satisfied and another 12% said they were dissatisfied. These numbers haven’t changed much over the past four decades, despite a doubling in inflation-adjusted per capita disposable income.
Odoom Academy’s employs a 360-degree view to maintaining life balance, enabling those who choose to work with us determine their purpose in life, set a vision that aligns with that purpose, develop a path to achieve that vision, and engage the process in their day-to-day lives to fulfill their purpose and achieve their vision.
Only 28% of Americans are considered “financially healthy,” according to a CFSI survey of more than 5,000 Americans. “Financial health enables family stability, education, and upward mobility, not just for individuals today but across future generations,” the CFSI says. “Many are dealing with an unhealthy amount of debt, irregular income, and sporadic savings habits.”
The ‘true state’ of Americans’ financial lives: only 3 in 10 are ‘financially healthy’
Some 44% of people said their expenses exceeded their income in the past year and they used credit to make ends meet. Another 42% said they have no retirement savings at all.
All of this is a call to action: We need to make savings, both for retirement and for emergencies a higher priority, so that they aren’t the source of financial regret later in life.’
Children and Money
Geared toward grades K-8, Teach Children about Money (TCAM), was designed by Odoom Academy to offer free consumer education to young people across the country, to help them develop a savings habit early in life. Our kid friendly seminars include student activities, communication tools and presentation lessons (also available in Spanish) covering topics that include; Banking Careers, Decision Making, Interest, Money Recognition and Savings.
Teens and Money
The Teach Teens About Credit (TTAC) program was designed by Odoom Academy to offer free consumer education to high school students and young adults to raise awareness about the importance of personal finance skills. Topics covered include: Budgeting, Credit Scores, Identity Theft and Paying for College.
Young Adults and Money
Money and finance affect every aspect of our lives. The way we handle money affects us spiritually, emotionally, and physically. The reason most people have no assets when they reach retirement age is twofold: attitudes and actions. Our actions related to money and possessions affect our wages, savings, and spending. Our financial literacy program for tweens – specifically those now in their twenties and thirties, explores the principles for work, and earnings, savings, and debt.